Murder suspect raises unprecedented $35m bail via friends


Murder suspect raises unprecedented $35m bail via friends

The San Mateo County Counsel reviewed all the properties and verified their values, Wagstaffe said. The accused, Tiffany Li, was able to gather the assets necessary to leave jail with the help of family and friends, who amassed 15-20 Bay Area homes and businesses to be turned over to authorities should Li flee the country, according to her defense attorney Geoff Carr.

She was ordered to live under house arrest and wear an electronic monitoring bracelet. Eventually, Wagstaffe said, bail was set at $35 million.

Tiffany Li, 31, is backed by a group that raised $4 million cash and pledged $62 million in San Francisco Bay Area property. Because Li is offering homes and business buildings to secure her $35-million bail, he said, the equity in the property must be twice that amount.

"Nothing about this seems right", said Angela Dunn, adding that Green stayed at her house for six months after he and Li split up. He noted that Li's mother made her fortune in the construction industry. Li directed Bayat and another man, Oliver Adella, to kill Green and dispose of his body a year ago.

Li is accused of working with her current boyfriend and another man to kill her ex-boyfriend - the father of her two daughters.

The two men were also arrested in May and remain in custody without bail.

A week after the body was discovered, Li, Adella and Bayat were arrested on suspicion of murder.

Li left the jail yesterday afternoon in a Cadillac Escalade.

"They have great resources and we are just regular folks", Dunn said.

Instances like these have brought the bail system in the USA under legal and legislative attack in recent years.

Despite the high price tag put on Li's freedom, it's not almost the largest bail amount set by a US judge.

Carr said all defendants are entitled to "reasonable bail", except those who are accused of death penalty-eligible crimes. The Northern California mother, Li, is expected to be released from jail after posting an unprecedented $35 million bail raised by wealthy friends, family and business associates with ties to China.

Li's family might be worth between $100 million and $150 million, District Attorney Steve Wagstaffe told the Los Angeles Times.

"San Francisco woman raises 35 million dollars bail to get released". "That's plenty enough incentive to flee back to her native China".



© 2015 Leader Call. All Rights reserved.